Governance

Acting with integrity and responsibility

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Upholding ethical standards for patients and society

At Ipsen, we pride ourselves on our commitment to integrity, transparency and upholding the highest ethical standards. We are fostering responsible management while cultivating a strong ethical mindset that permeates every level of our organization.

  • Doing what is right, not what is easy - delivering our results in an ethical and compliant manner, upholding human rights and anti-corruption principles, and fostering an environment of integrity.
  • Guided by our strategy: Focus. Together. For patients and society.  Strong corporate governance, Sustainable targets in compensation, and Generation Ipsen program.
  • Success delivered through responsible management – proactive risk management, and crisis management processes.  

Ipsen’s Code of Conduct

Ipsen’s Code of Conduct is a foundation of our culture that emphasizes ethical decision-making, transparency and accountability across our diverse operations. It embodies our commitment and enthusiasm for the work that we do and the success that we achieve, acting with fairness, integrity and accountability.

Consult the full Code of Conduct

Combating corruption with ethics and transparency

At Ipsen, we proudly uphold ethical standards, integrity and transparency in all of our endeavors. Robust anti-corruption policies ensure strict adherence to all applicable national and international legislation, accurate financial recordkeeping, and stakeholder interactions based on integrity and merit.

Fight corruption is a pledge in our Code of Conduct, as Ipsen rejects any form of corruption that distorts fair trade, hinders economic development, and imposes multiple costs on society at large.

Ipsen’s commitment to conducting business with high standards of ethics is reflected through the Anti-Corruption Program, for a positive societal change under the Generation Ipsen. A dedicated cross-function operational committee works on meaningful anti-corruption initiatives and regularly reports to the Executive Leadership Team.

Ipsen certified in 2021 to the ISO 37001 – International Anti-Corruption Standard for anti-corruption management systems, for the benefit of Patients, Society and Employees:

> ISO37001 Anti-Corruption Standard (valid until December 2024)

Ipsen is a dynamic and growing global specialty-care biopharmaceutical group with a focus on transformative medicines in oncology, rare disease and neuroscience.

In line with our sustainability framework, Generation Ipsen, we recognize our role as a responsible taxpayer to pay our full share of taxes, including corporate income taxes, as part of our contribution to society.  Thus, Ipsen pays its fair share of taxes in all countries where it operates.

The aim of this document is to provide transparency to ensure a proper understanding of the way Ipsen approaches tax policy matters:

  • Our compliance
  • Our tax governance and risk management
  • Our attitude to tax planning
  • Our tax risks
  • Our engagement with Tax Authorities

Our Compliance

The tax affairs are managed in a manner that is consistent within Ipsen’s Code for Ethical conduct, to conduct business lawfully and ethically.

Ipsen is committed to observing all applicable laws, rules and regulations in meeting its tax compliance and reporting responsibilities in all jurisdictions where it operates, and to ensuring compliance with all relevant legal disclosure requirements.

Our tax governance and risk management

The fundamental objective of Ipsen’s tax governance is to guarantee strict compliance and transparency with the applicable tax regulations and ensure adequate supervision of the tax policy implemented by its subsidiaries in all the territories where it operates.

Ipsen applies diligent professional care and judgement, including ensuring that all decisions are taken at an appropriate level and are supported by consistent processes and guidelines and thorough documentation. The tax function is localized in France, UK and the US. The VP Group Tax department reports to the EVP CFO and our tax professionals are committed to the highest compliance standards in tax laws and regulations.

Our attitude to tax planning

Ipsen’s approach is to pay the correct and fair amount of tax to minimise the risk of uncertainty or disputes. Our tax positions are based on reasonable interpretation of applicable law and are aligned with the substance of the economic activity of our business locally.

We are committed to maintain and follow a transfer pricing policy that is based on OECD Transfer Pricing Guidelines notably the arm’s length standard and the goals of the OECD/G20 Base Erosion and Profit Shifting project (“BEPS”).

Ipsen has a zero-tolerance approach to tax evasion and the facilitation of tax evasion. Ipsen does not undertake aggressive tax planning or artificial tax arrangements. Where available, legitimate tax incentives (for example, R&D tax credits) or exemptions are implemented in the spirit in which they are intended and aligned with our commercial business activities and reputation.

Our tax risks

Ipsen seeks to comply fully with the tax regulations and actively manages its affairs to minimise the risk of non-compliance by ensuring that tax returns and payments are made on time with proper disclosure made to the tax authorities. We strive for full compliance and are continuously improving our processes, which are based on standardization, simplification and automation.

Areas of uncertainty and complexity of current international tax law are managed by the Tax Department and, in addition, we regularly seek advice from independent external tax advisors to minimize our tax risk.

Our engagement with the tax authorities

We seek to operate an honest and transparent relationship with all the tax authorities.

We file timely and accurate tax returns, and we respond openly and promptly to any questions that may be raised in relation to our tax returns. Like any multinational company, our tax returns are continuously under audit around the world. In the event a tax authority disagrees with our views on the appropriate tax treatment of a given item, we will work constructively to try to resolve the issue in a timely manner through appropriate methods of dispute resolution.

At Ipsen, we encourage employees to report potential non-compliant or unethical behaviors, fostering a speak-up culture and promoting transparency and accountability. Our Global Whistleblowing Policy is implemented since 2018.

We commit to fairly addressing concerns that come to us. Report any concerns through the Whispli designated Alert Platform or use the email address Ipsen.Ethics.Hotline@ipsen.com.

Ipsen continuously enhances its Business Ethics Program, backed by a robust infrastructure and governance system. By fostering a culture of ownership, accountability and mindful decision-making, we maintain a strong ethical foundation, as evidenced by positive employee survey results.

Ipsen is committed to ensuring a robust Opportunities and Risks Governance policy, with several strategic and operational committees actively working to identify, assess and address risks and opportunities.

Strong and effective security is critical at Ipsen; it protects our organization, reinforces our credibility and reputation, and enables us to deliver for the patients we serve. Ipsen faces increasingly sophisticated and complex security threats. The impact of a significant security incident, which could compromise the safety of our people, affect the integrity of our products or patient information, deny us access to critical systems or expose our most sensitive information, could directly harm our ability to deliver our mission – as such, safety and security is a priority for Ipsen at all times.

We have a dedicated security team, lead by a Chief Information Security Officer (CISO) which works in close partnership with IT to build cyber controls. The CISO reports directly into the Executive (via the General Counsel) to ensure that cyber risks are given sufficient governance priority. An Executive Security Steering Committee with key business Executives represented meets at least twice per year to oversee progress against the cyber roadmap and agree investment needs. The CISO also presents to the Audit Committee of the Board at least annually.

In 2022, we implemented a comprehensive Supplier Risk Management process using a unified digital platform and engaging cross-functional experts to ensure potential suppliers meet our standards and Code of Conduct. This approach streamlines assessments and strengthens risk management throughout our organization.

 

Ipsen is dedicated to improving patients’ lives and firmly committed to our company ethical culture and social responsibility by supporting its employees and giving back to patients and society, as well as minimizing its impact on the environment

 

Ipsen recognizes that its business partners play an important role in Ipsen’s success and commitments.  Accordingly, our company strives to conduct business with individuals and organizations who share Ipsen’s commitment to ethical culture and operate in a socially and environmentally responsible manner

 

The Ipsen Business Partner Code of Conduct documents principles and expectations for establishing and maintaining a business relationship with all partners.

At Ipsen, we care about protecting the personal data of all our stakeholders. We ensure that we only use personal data as necessary, that our use of that data is lawful and fair, that we keep data secure, and that we inform individuals about how we use their data. We manage privacy compliance at Ipsen through policies, procedures and training, and by fostering a strong culture of respect for privacy.

We are committed to fostering transparency and trust in all of our collaborations with healthcare professionals (HCPs) and healthcare organizations (HCOs). By openly disclosing information on transfers of value, clinical trials, scientific publications and interest representation activities, we ensure integrity and promote a strong ethical foundation across our interactions.

 

Transparency rules and reports

 

Please follow the links to the countries to find the information about local Transparency rules and reports:

 

Austria

 

Belgium

 

Bulgaria

  • No transfer of value in 2018, 2019, 2021, 2022
  • 2020 EFPIA report in euro: Bulgarian
  • Methodological note : English

 

Croatia

  • 2016 EFPIA report in euro: English
  • 2016 EFPIA report in kuna: English
  • 2017 EFPIA report in euro : English
  • 2017 EFPIA report in kuna : English
  • No transfer of value in 2018, 2019, 2020, 2021, 2022
  • Methodological note: English

 

Cyprus 

  • No Transfer of value in 2018, 2020, 2021, 2022
  • 2019 EFPIA report in euro: English

 

Czech Replublic

 

Denmark

 

Estonia

 

Finland

 

France

 

Germany

 

Greece

  • 2018 EFPIA report in euro : Greek
  • 2019 EFPIA report in euro : Greek
  • 2020 EFPIA report in euro : Greek
  • 2021 EFPIA report in euro : Greek
  • 2022 EFPIA report in euro : Greek
  • Methodological note: Greek

 

Hungary

  • 2018 EFPIA report in forint : English
  • 2019 EFPIA report in forint : English
  • 2020 EFPIA report in forint : English
  • 2021 EFPIA report in forint : English
  • 2022 EFPIA repot in forint: English
  • Methodological note: English

 

Iceland

  • No Transfer of value in 2018, 2019, 2020, 2021, 2022

 

Ireland

 

Italy

 

Latvia

 

Lithuania

 

Luxemburg

  • 2018 EFPIA report in euro : English
  • 2019 EFPIA report in euro : English
  • No Transfer of value in 2020
  • 2021 EFPIA report in euro : English
  • 2022 EFPIA report in euro : English
  • Methodological note: English

 

Malta

  • No Transfer of value in 2018, 2019, 2020, 2021, 2022
  • Methodological note: English

 

Norway

 

Poland

 

Portugal

 

Romania

 

 

Russia

 

Serbia

  • No Transfer of value in 2018, 2019
  • 2020 EFPIA report in euro : English/ Serbian
  • 2021 EFPIA report in euro : English
  • 2022 EFPIA report in euro : English
  • Methodological note: English

 

Slovakia

 

Slovenia

  • No transfer of value in 2018, 2019, 2020
  • 2021 EFPIA report : English
  • 2022 EFPIA report : English
  • Methodological note: English

 

Spain

 

Sweden

 

Switzerland

 

The Netherlands

 

Ukraine

United Kingdom 

 

Ipsen actively collaborates with patient organizations to better understand and support patients’ needs. Emphasizing transparency, we publicly disclose financial and non-financial support provided to these organizations in adherence to the EFPIA Code.

 

Based on our dedication to transparency and under the EFPIA Patient Organizations Code, we make a list of patient organizations to which we provide financial support (grants, sponsorships, donations, etc. etc..) or significant non-financial support publicly available for viewing.

 



Ipsen is committed to transparency in clinical studies, providing readily accessible information on clinical trials to patients, healthcare professionals and researchers. We publicly disclose protocol summaries and trial results, adhering to global industry standards, and share anonymized clinical study data with qualified researchers through the data-sharing platform, Vivli.

 

  • Protocol Summary Disclosure

 

Protocol summaries of Ipsen sponsored clinical trials are made publicly available on the US Clinical Trials Registry (ClinicalTrials.gov) and on the EU Clinical Trials Register (www.clinicaltrialsregister.eu) at initiation of the clinical trial.

For Post-Authorization Safety Studies (PASS) and Post-Authorization Efficacy Studies (PAES) that are outside the scope of Directive 2001/20/EC, protocol summaries are posted in the EU electronic Register of Post-Authorization Studies (EU PAS Register) at initiation of the clinical trial.

We also provide clinical trial information to other national clinical trial registries or databases according to local requirements/legislation.

 

  • Disclosure of Clinical Trial Results

 

ClinicalTrials.gov

 

The results of Ipsen clinical trials are publicly posted to the results database after completion or termination of a clinical trial. Clinical trial results are usually available within 12 months of the trial completion or termination date. Results of clinical trials that are subject to FDAAA 801 legislation have been posted on ClinicalTrials.gov since June 2009. Since January 2014, Ipsen posts results from all Ipsen sponsored interventional clinical trials in patients.

 

EU Clinical Trials Register

 

From 21st July 2015, results summaries of Ipsen sponsored interventional clinical trials in patients conducted in the EU/EEA that completed from 21st July 2013 are available on the EU Clinical Trials Register. Results of interventional clinical trials are published one year after completion. From 21st July 2016, it is expected that all trials that started since May 2004 and completed before 21st July 2013 will also be made available here.

 

  • Sharing Clinical Trial Data with Qualified Researchers

 

Ipsen is committed to sharing anonymized clinical study data from completed Phase II to IV studies for products and indications approved in the United States and/or in the European Union, with a first patient included as of 1 Jan 2005 onwards. Ipsen is pleased to be member of the data sharing platform www.vivli.org. Available studies are listed on this platform. Ipsen will regularly update this list to add eligible studies. Any requests should be submitted to www.vivli.org for assessment by an independent scientific review board. Anonymized data will be provided to qualified researchers through Vivli’s platform upon approval of the research proposal and signature of a Data Use/Sharing Agreement.

 

Additional details on Ipsen data sharing policy are available here.

Ipsen does not have internal animal research facilities. Although Ipsen outsources its animal testing, it has put in place an Animal Welfare governance body ensuring the appropriate treatment of animals. We are signatories of Gircor’s “French Charter for Transparency on the Use of Animals for Scientific and Regulatory Purposes,” and actively pursue the 3Rs: reduction, refinement and replacement of animal experimentation.

 

Patients and society are at the core of Ipsen’s mission to improve lives and health outcomes. Biological and medical research are critical to continuously increasing scientific knowledge and improving human health. While animal studies continue to play an important role in the medical research process and in the development of treatments improving the quality of life of millions of people, it is our priority to meet the highest possible standards of animal welfare. That’s why we are among the signatories of the “French Charter for Transparency on the Use of Animals for Scientific and Regulatory Purposes” developed by the GIRCOR.

 

Ipsen’s Cell-Based Assay is now fully implemented for its DYSPORT® products supplied to the U.S., Canada, E.U. and Switzerland.



Our Early Access policy enables patients to obtain eligible Ipsen products that have not yet been approved by local health authorities, and thus otherwise unavailable for prescription.

At Ipsen, we recognize the critical role our supply chain plays in advancing our sustainability ambition. Through responsible procurement, we aim to improve patients’ lives while supporting an ethical, inclusive and environmentally responsible supply network.

 

Our approach is anchored in four pillars — Environment, Patients, People, and Governance — guiding us in how we partner with suppliers to build a healthier and more sustainable future.

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